FSA Bans Trader Who Poses Market Risk under Certain Circumstances

The Financial Services Authority (FSA) has fined and imposed a 5-year ban on former oil futures broker, Steven Noel Perkins, for market abuse on the grounds that he is not a fit and proper person, noting in paragraph 66 that "Mr Perkins poses an extreme risk to the market when drunk." Mr Perkins's actions under the influence were found to have created a temporary upward spike in the price of Brent Oil.

View Final Notice here (links externally to FSA website).See also: FSA Press Release.